Pre‐acquisition dividends, previously recorded goodwill  LO3, 4, 5 On 1 January 2020, Graham Ltd acquired all the issued shares (cum div.) of Leslie Ltd for $263 000. At that date the equity of Leslie Ltd was recorded as follows. Share capital $150 000 General reserve 40 000 Retained earnings 60 000 On 1 January 2020, the records of Leslie Ltd showed that the company had previously recorded a goodwill at cost of $5000. Further, Leslie Ltd had a dividend payable of $10 000, the dividend to be paid in March 2020. All other assets and liabilities were carried at amounts equal to their fair values. Required 1. Prepare the acquisition analysis at 1 January 2020. 2. Prepare the consolidation worksheet entries for Graham Ltd’s group at 1 January 2020. 3. Prepare the consolidation worksheet entries for Graham Ltd’s group at 30 June 2020. 4. Discuss how the entries for 2 and 3 above would change if the consideration transferred was $249 000.